Kingsrose Mining Limited
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Kingsrose Mining Identifies Strongly Conductive Zones in Geophysics at the Råna Nickel-Copper-Cobalt Project, Norway
Kingsrose Mining Limited (ASX: KRM) is excited to announce the completion of the acquisition and interpretation of ground-based electromagnetic (EM) and magnetotelluric (SPARTAN MT) geophysical surveys at the Bruvann Mine area within the Råna Project in Norway.
These surveys have identified strongly conductive zones with significant potential for massive sulphide mineralization (Figures 1 and 2). Additional ground-based and MobileMT surveys have also been completed and the results will be interpreted in the coming weeks.
Highlights
Strong apparent conductive bodies with the potential for massive sulphide mineralization have been identified in three localities near the past-producing Bruvann Mine.
Drill testing is currently underway to investigate the potential for massive sulphide nickel-copper-cobalt mineralization associated with the conductive bodies.
An extension of the geophysical survey is expected to be conducted in late July 2023 to further define the targets and provide additional confidence for future drilling.
Andrew Tunningley, Kingsrose Head of Exploration, expressed his optimism, stating,
"The initial geophysical results at Bruvann are highly encouraging in demonstrating the presence of previously unidentified, strongly conductive bodies proximal to the mined-out mineralization.
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Our aim is to validate the geophysical interpretation with drilling and work towards the discovery of new zones of massive sulphide nickel-copper-cobalt mineralization. "
Fabian Baker, Kingsrose Managing Director, added, "Following the MT and EM results reported today, we are eagerly awaiting the final results and interpretations from the Rånbogen prospect, as well as the MobileMT data which covers the entire Råna intrusion. Our systematic approach to exploration is designed to methodically explore the large and prospective landholding which Kingsrose has consolidated at Råna. "
Kingsrose Mining is committed to unlocking the potential of the Råna Nickel-Copper-Cobalt Project, leveraging advanced geophysical surveys and drilling to identify new zones of mineralization. The company's dedication to systematic exploration ensures that the full extent of their landholding in Norway is thoroughly evaluated.
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